(Newser)
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President Trump launched his push for tax reform Wednesday in Indianapolis, promising a "once-in-a-generation opportunity" and "revolutionary change." "Under our framework, we will dramatically cut the business tax rate so that American companies and American workers can beat our foreign competitors and start winning again," USA Today quotes Trump as saying. The New York Times reports the proposed framework reduces the corporate tax rate to 20%, doubles deductions for married and single filers to $24,000 and $12,000 respectively, and reduces the number of tax brackets from seven to three. The top bracket would see a reduced tax rate; the lowest bracket would see an increased tax rate. Overall, Trump claims the plan represents the biggest tax cut in history: "There's never been tax cuts like we're talking about."

Trump is promising the middle class will be "the biggest winners" of his tax plan, which will cause "jobs to start pouring into our country." But the framework presented lacks details to show whether that would or would not be the case. (CNN reports Trump also claims the plan is "not good for me," but that's impossible to prove without his tax returns.) The framework does, however, include details that will specifically benefit rich Americans, for example by getting rid of inheritance taxes paid by the country's wealthiest families. Without further specifics, the head of the nonpartisan Committee for a Responsible Federal Budget calls Trump's tax plan "nothing more than a fiscal fantasy." Trump says he wants to work with Democrats to fill in those details, but Republican leaders say they'll likely use a special rule to pass tax reform without Democratic support. (Read more tax reform stories.)

I helped create the GOP tax myth. Trump is wrong: Tax cuts don’t equal growth. The best growth in recent memory came after President Bill Clinton raised taxes in the ’90s. Bruce Bartlett was a domestic policy adviser to President Ronald Reagan. He is the author of “The Benefit and the Burden: Tax Reform — Why We Need It and What It Will Take." https://www.washingtonpost.com/news/posteverything/wp/2017/09/28/i-helped-create-the-gop-tax-myth-trump-is-wrong-tax-cuts-dont-equal-growth/?undefined=&utm_term=.6211f3ad48fd&wpisrc=nl_most&wpmm=1

Himself

Sep 28, 2017 12:07 PM CDT

Hey, deplorables: Trump and his advisers are laughing in your faces! The term “deplorables” survives today in our political lexicon as a kind of sarcastic badge of honor that President Trump’s supporters pin on themselves. When self-applied by the likes of Stephen K. Bannon, it serves as a device to feed the narrative that liberal elite criticism of Trump — including the argument that he is scamming his own voters — signifies nothing but cultural contempt for Trump’s America. Trump supporters won’t let supercilious liberal disdain weaken their conviction that Trump is the one who is really on their side, dammit! But a host of new developments underscore with fresh clarity that if anyone views Trump supporters with profound contempt, it’s Trump and his advisers — and that liberals are right to point out that he is actively trying to fleece them. Consider: https://www.washingtonpost.com/blogs/plum-line/wp/2017/09/28/hey-deplorables-trump-and-his-advisers-are-laughing-in-your-faces/?undefined=&utm_term=.73a31a0894f6&wpisrc=nl_most&wpmm=1

BadBrad1

Sep 28, 2017 10:22 AM CDT

NO GROPER IN CHIEF TAX RETURNS NO TAX REFORM! If he doesn't trust us with his, why should we trust him with ours.......